Common use of Determination of Losses Clause in Contracts

Determination of Losses. A certificate or deter- mination notice of the Agent, as to any of the matters referred to in this Clause 11 shall, absent manifest error, be conclusive and binding on the Borrowers.

Appears in 2 contracts

Samples: Agreement (Teekay Shipping Corp), Consent and Agreement (Teekay Shipping Corp)

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Determination of Losses. A certificate or deter- mination determination notice of the AgentAdministrative Agent or any affected Lender or Participant, as the case may be, as to any of the matters referred to in this Clause Section 11 shall, absent manifest error, be conclusive and binding on the Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Overseas Shipholding Group Inc)

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Determination of Losses. A certificate or deter- mination determination notice of the Agent, as to any of the matters referred to in this Clause 11 15 shall, absent manifest error, be conclusive and binding on the Borrowers.

Appears in 1 contract

Samples: Credit Facility Agreement (Reading & Bates Corp)

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